Which is the best indicator for volume?
Which is the best indicator for volume?
Three Volume Indicators
- On-balance Volume (OBV) On-balance volume (OBV) is a simple but effective indicator.
- Chaikin Money Flow.
- Klinger Oscillator.
What is Spike Indicator?
Seismic Market Spike Detector v1. 0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar.
How does volume affect forex?
The Forex market measures volume by counting the tick movements. The volume measurement in the Forex market is looking at how much price moves within a certain period and it does not care how many or few buying and selling transactions are in fact needed to make that price move 1 tick.
What is volume indicator in mt4?
For the Forex market, Volumes is the indicator of the number of price changes within each period of a selected timeframe. For stock symbols this is an indicator of actually traded volumes (contracts, money, units, etc.)
What is a volume spike?
Volume spike. Unusually large volume, graphed on a bar chart as a spike. To locate volume spikes, you compare a single day’s volume to average volume. If one day’s volume is two to three times the average volume, it will appear as a spike. Unusually large volume often foreshadows a major change in price trend.
How does volume affect forex price?
Volume is a key indicator of market activity and liquidity, which means that it is often presented alongside price information. The trading volume is usually higher when there is a significant price fluctuation in the market. Volume can be used to measure stocks, bonds, options, futures, commodities, and forex.
What does volume indicate in forex?
Volume trading in forex means something slightly different to securities volume. In FX trading, it’s the number of lots traded in a currency pair within a specified time period – put simply, it’s the amount of currency that changes hands from sellers to buyers.
What is MT4 indicator?
High volume spike reversal indicator mt4. It s a multifunctional indicator that scans for the following patterns. Download the forex spike reversal strategy. High volume turns is an indicator that scans the market for price and volume spikes around over bought over sold market conditions.
What is foreforex volume Spike analysis MT4 indicator?
Forex Volume Spike Analysis MT4 Indicator: This indicator averages the last 5 bars (determined by the input parameter ‘Average_Bars’ defaulted at 5 which can be adjusted). Muliplies this average volume by the input parameter ‘Multiply_Volume’ (default 1.5), then compares this to the current volume bar.
What is an extreme Spike indicator?
The extreme spike indicator is a Meta trader indicator used to detect the extreme high and extreme low spikes in the market trend. It is used to detect the sudden movements in the price action. It detects the spikes which appear when the market trend is ending in the indicator chart.
What is high volume turns indicator?
High volume turns is an indicator that scans the market for price and volume spikes around over bought over sold market conditions. Bullish and bearish pin bars double bar high and lows outside bars inside bars.
